This is an obvious top for the utilities sector. A weird H&S pattern at the all time high, with bearish divergences on Force Index and a change in behavior on the Weis Wave.
The moves on the Utilities sector are very volatile, and I wouldn't trade them. I believe there are better opportunities to short this market. This is a chart just to show another top in a sector.
The monthly chart also shows a massive change in behavior
The moves on the Utilities sector are very volatile, and I wouldn't trade them. I believe there are better opportunities to short this market. This is a chart just to show another top in a sector.
The monthly chart also shows a massive change in behavior